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Haverhill Bank

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Adjustable Mortgage

If you want to take advantage of a lower rate now or only plan on being in your home for a short period of time, an adjustable rate mortgage (ARM) may be a great choice for you! Adjustable rate mortgages typically have a lower initial fixed rate followed by periodic adjustment intervals, resulting in monthly payments that will vary over the life of the loan.

Features

  • Enjoy the benefits of a lower initial rate
  • Ideal option for those with short term plans

Fixed Rate Mortgage

Fixed rate mortgages are a great option for those who plan on staying in their current home for the foreseeable future and for those who like to plan ahead. Your monthly mortgage payment will remain constant over the life of the loan, making budgeting a breeze!

Features

  • Lock in a great rate for the life of your loan
  • Enjoy simplified budgeting with fixed monthly mortgage payments*
  • Take advantage of the convenience of local decision-making and loan servicing

*Payments do not include taxes and insurance premiums. When added the actual payment obligation will be greater.

Subject to credit approval.

Jumbo Mortgages

Certain homebuyers and homeowners fall into the “Jumbo” mortgage category, that is, according to rules set by Congress, those borrowing more than $424,100 — whether purchasing or refinancing. If that sounds like you, we offer “jumbo mortgages” with competitive interest rates!

Features

  • Competitive interest rates
  • Available as fixed or adjustable rate
  • Perfect for financing a larger home

First Time Home Buyer Program

Haverhill Bank’s first-time homebuyer program offers a discount of .125% off the current 30-year fixed rate term. Unlike other programs, buyers only need a 3% down payment. What’s more, buyers under the program pay no points and may receive up to $625 in closing cost credits.

Don't think you qualify as a First Time Buyer? All borrowers who have not held an ownership interest in a property for the previous three years may be eligible! Learn more about how to take advantage of this special program by calling 978-374-0161. Mention your interest in the First-Time Homebuyer Program.

Features

  • Low down payment
  • Closing cost credits
  • Discounted rate off 30-year fixed rate term

For qualified first time homebuyers only, subject to credit approval. Must complete and provide proof of completion for a qualified first time homebuyer course, ask a loan officer for information. Receive up to a $625 discount toward closing costs, applied at closing. Interest Rate and Annual Percentage Rate (APR) effective as of 10/1/16 and interest rate, APR and discount point shown are subject to change without notice. Rates are based on single family and condominium, owner-occupied dwellings. A $200,000 loan at 4.254% APR fixed rate equals 360 monthly payments of $4.42 per $1,000 borrowed. Private Mortgage Insurance (PMI) is required on all loans with a loan-to-value ratio greater than 80%. There is a maximum loan amount of $424,100. Estimated payments do not include amounts for property taxes, property insurance and/or flood insurance; if applicable; the actual payment obligation will be higher. An escrow account may be required.

Home Equity Line of Credit

With a home equity line of credit, you can establish a revolving line of credit secured by the equity in your home. You may borrow for almost any reason including home improvements or personal investments.

Features

  • Borrow up to a combined loan value (CLTV) of 80% of the current market value of your home
  • Access funds when you need them by writing checks against a pre-determined credit limit

Early termination fee may apply if paid and closed within first 24 months. Property insurance is required. Subject to credit approval. Other terms and conditions may apply. Consult a tax advisor regarding the deductibility of interest.

Home Equity Loan

Need cash for home improvements or other large expenses? Consolidate all of your bills into one monthly payment and lock in a great rate!

Features

  • Borrow up to a combined loan value (CLTV) of 80% of the current market value of your home
  • Choose from a variety of convenient terms to fit your needs

Early termination fee may apply if paid and closed within the first 24 months. Property insurance is required. Subject to credit approval. Other terms and conditions may apply. Consult a tax advisor regarding the deductibility of interest.

Personal & Auto Loans

Haverhill Bank offers a variety of convenient options for when you need to borrow funds. Whether you're looking to consolidate your debt or purchase a car, we have a personal or auto loan to fit your needs.

Features

  • Competitive rates
  • Convenient repayment schedules

For more information, speak to a Customer Service Representative today by visiting your nearest branch or calling us at (978)374-0161.

All loans are subject to credit approval.